A hurricane has recently disrupted supply chains and manufacturing plants in the Southeastern United States. How would this economic impact be classified?(1 point)

Question

Responses

shock
shock

static effect
static effect

technological advancement
technological advancement

recession
recession

Answer 1

The economic impact of a hurricane disrupting supply chains and manufacturing plants would be classified as a shock. Shocks refer to sudden and unexpected events that significantly impact the economy, such as natural disasters.